Continuation Breakout Analysis — 2026-09-23

Overview

Today’s scan surfaced just 4 Continuation Breakout signals, a quiet count that reflects the broader Bearish/Oversold regime currently gripping the market (Breadth: 20.7% above SMA-40). With average RVOL near 2.7x and only two names showing genuine volume conviction (TRT, FSLY), this is a day for selectivity rather than aggression. Per regime guidance, quality scores are capped at 3 given the market headwinds limiting sustained upside follow-through.

Quality Score: 3/5. Sector representation is diverse rather than clustered — CHIPS, SOFTWARE, ELECTRNCS, and MACHINE all appear, suggesting isolated breakouts rather than a coordinated sector theme. Health Care and Technology remain the leading sectors by ATR%, while Financials, Real Estate, and Utilities are under heavy pressure — a backdrop that favors idiosyncratic strength over broad risk-on breakouts.

Top Picks

FSLY ($29.65) — Software / Enterprise

Open full analysis on WaveFinder →

The standout signal today. FSLY is up 13.7% on RVOL 5.2, sitting right at_supply on the 30-minute timeframe (29.68–30.25), just 0.1% below resistance. ATR%-M of 3.0 confirms strong intraday expansion, and the daily demand zone (23.06–24.875) sits well below as a longer-term support cushion. A clean break above 30.25 on continued volume would confirm trend continuation.

Level	Price
Entry	$30.25 (breakout above 1h supply)
Stop	$27.00
Target	$34.00

Institutional Backing: 449 funds, Bucket B2 — solid institutional participation supporting the breakout.

TRT ($11.45) — Chips / Semiconductor Equipment

Open full analysis on WaveFinder →

TRT posted the highest RVOL of the group at 3.4, up 1.9% and trading between its weekly demand (9.9–10.63) and 1h supply (12.25–12.76) zones. ATR%-M of 1.2 shows moderate momentum, and the 52W Low is 144.1% below current price, reflecting a strong recovery trend intact.

Level	Price
Entry	$11.45
Stop	$9.85
Target	$12.25

Institutional Backing: 34 funds, Bucket B1/B2 — smaller-cap institutional footprint, higher risk profile.

ARW ($226.82) — Electronics / Electronic Parts

Open full analysis on WaveFinder →

ARW is up 2.3% and sitting at_demand (218.63–221.83, strength 6.5), with ATR%-M of 2.0 showing decent expansion. However, RVOL of just 0.8 is a caution flag — this breakout lacks confirming volume, making it more of a bounce-off-support setup than a high-conviction continuation.

Level	Price
Entry	$226.82
Stop	$218.00
Target	$231.85

Institutional Backing: 764 funds, Bucket B2 — heavy institutional ownership provides a supportive base despite thin volume today.

HUBB ($463.70) — Machinery / Electrical Power Equipment

Open full analysis on WaveFinder →

HUBB is the weakest technical setup of the four. While it’s up 1.1% at supply (467.70–471.13), ATR%-M is negative (-0.9), and RVOL is a modest 1.3 — signs of fading momentum into resistance rather than a fresh breakout. This is a lower-conviction, monitor-only setup given the bearish regime backdrop.

Level	Price
Entry	$471.13 (confirmed break only)
Stop	$455.00
Target	$480.00

Institutional Backing: 2,251 funds, INST classification — massive institutional footprint, but momentum has stalled near resistance.

Strategy Summary

With only four qualifying signals and a Bearish/Oversold regime overhead, today offers a thin but not empty edge. FSLY stands out as the clear highest-conviction pick given its RVOL surge and tight supply-zone breakout, while TRT offers a secondary volume-backed setup. ARW and HUBB are lower-conviction plays better suited for confirmation-based entries rather than immediate action. Sector diversity (Chips, Software, Electronics, Machinery) suggests these are isolated strength pockets rather than a broad market rotation — traders should size positions conservatively and respect tight stops given the unfavorable macro regime.

Signals